The following is a quote from 'Top tips for buying a new build home' at
http://www.tiscali.co.uk/money/featu...new-build.html
'3. Check that the house has a warranty from Zurich Municipal, the NHBC or Premier. However, these do not guarantee that your home will be free from defects and are primarily insurance schemes for the developer not the home owner.'
Everyone needs to be aware, as stated above, that these warranties are primarily insurance schemes for the developer
not the home owner. Even more worrying is that the house buyer is paying the premiums on behalf of the developer.
These warranties are very very limited in what they cover. If you look at a new NHBC warranty you will find that there is a £1000 limit for each individual claim. Put simply if you have 100 snagging items each costing £999 to put right, you can forget it. It is only the most significant defects costing more than £1000 that will be fixed. How many faults would that be?????